Hot Reads: The Trouble With Tech

Plus, government bond ETFs helped to boost the U.S. ETF industry to its second-highest inflows.

Reviewed by: Zoya Mirza
Edited by: Zoya Mirza

Tech Industry Reversal Intensifies With New Rounds of Layoffs (Wall Street Journal)
Companies that grew rapidly during pandemic are now reducing spending and staffing, sometimes repeatedly.


Tech Stocks: Embrace ‘The Mullet Trade,’ Jefferies Analyst Says (Yahoo Finance)
The rebound for tech stocks could still be a year out, and the recovery may even take the shape of an iconic hairstyle: business in the front half of the year, rally in the back.


Morgan Stanley Warns US Stocks Risk 22% Slump (Bloomberg)
U.S. equities face much sharper declines with the specter of recession likely to compound their biggest annual slump since the global financial crisis, according to Morgan Stanley strategists.


ETF Industry Storms Through 2022’s Headwinds (Financial Times)
Government bond vehicles chalk up record inflows, helping overall total reach $867 billion—the second highest on record.


‘Markets Are Going to Get Rocked’ as Fed Likely to Push Rates Higher, Economist Warns (MarketWatch)
Last month, the Federal Reserve raised the top end of its benchmark interest rate to 4.5% and penciled in a 5.25% terminal rate.


Bitcoin Blows Past $17K. It Could Be a Big Week for Crypto (Barron’s)
Crypto traders continue to anticipate a significant move after a stagnant start to 2023, and this week holds catalysts that could usher in volatility.


Nomura Says BOJ May Further Reduce Frequency of ETF Purchases (Bloomberg)
The Bank of Japan is likely to place priority on controlling bond yields, according to Nomura analysts.

Zoya Mirza is a markets reporter at Her work has appeared in USA Today, Voice of America, and United Press International, among others. Mirza is a graduate of Northwestern University’s Medill School of Journalism. Her past experiences include editorial work in book publishing and conducting political analysis for NGOs and think tanks. Mirza is a passionate bibliophile and collects vintage postcards from every bookstore she visits in a new city.